While you were sleeping: US rate hike rethink

Wed, 19 Aug 2015

By Margreet Dietz Aug. 20 (BusinessDesk) - Wall Street fell, while US Treasuries rose, after minutes from the July Federal Reserve meeting suggested US policy makers might not raise interest rates next month. “Most [participants] judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point,” according to minutes from the Federal Open Market Committee’s July 28-29 meeting, released on Wednesday. “Participants observed that the labour market had improved notably since...

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